If you’re a real estate agent navigating the minefield of setting up your own real estate business, no doubt you’re considering which business model will suit you and your wallet best. Will it be Independent, Licensee, Franchisee or Marketing Group?
But what is most important? Is it choosing the right business model? Or is the individual agent and their ability to attract listings more critical? We believe that the agent is the most important and key element to success, so there’s no one correct choice as to which business model is right for you.
Some recent statistics on a REB+ article called ‘Employer of Choice’ recently showed that a majority of agents want to start as an independent agency rather than entering via an expensive and tightly controlled franchise. Given the choice, most agents want the freedom to run their own business in their own way.
At One Agency, that’s what we offer. We attract many highly successful real estate agents who want to secure their own financial future by setting up a real estate business. Most of them have looked at the figures for setting up an independent brand and know that it will cost them big bucks and put unnecessary strain on a new business starting up. They also understand that it’s likely to take far longer to establish themselves in the marketplace.
I was sick of the huge fees and the lack of support offered by the traditional franchises
Craig Williams from One Agency Mosman in Sydney, who had operated a franchise agency before joining One Agency recently said:
“I was sick of the huge fees and the lack of support offered by the traditional franchises and had considered going out with my own brand,” he says, “but that would have cost a minimum of $60,000 once you take the associated costs into account. Plus the smaller boutique/independent agencies don’t have the presence of something like One Agency.”
So if you want to establish your own independent real estate business, without the headache of building it from scratch, then One Agency is the simplest and most cost effective choice.
Paul Davies, our Founder & CEO took part in a panel discussion at the Annual Best Practice Retreat in Sanctuary Cove, Queensland 21st – 23rd June 2015. The debate was; which business model is best?
Paul’s presentation offers great insight into the most important goal of a real estate business; retaining the highest percentage of your income as profit. It’s not how much you make, it’s how much you get to keep after the expenses are paid.
Want to find out more? Play the video:
At One Agency we are always open for a conversation, so if you have anything to say in response or have any questions, please contact us.
T 1300 79 23 88
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